
Playa Del Rey, California 90293
This Turnkey Coastal Property is a Strong Value Opportunity, listed at $2,195,000—positioned well below the $2,347,192 Fair Market Value by 6%. This valuation gap offers $152,192 in Instant Equity. Featuring a Condition Rating of 2, the home includes a renovated main residence and a detached 2-bedroom ADU on an R3-zoned corner lot. With significant development potential for up to seven units, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking immediate rental income near the beach.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8100 W 83rd Street Subject | $2,195,000* List Price | 6 | 4 | 3,051 | $769 | - |
A 7956 W 79th Street Sold | $2,000,000 | 4 | 3 | 2,199 | $910 | 0.2 mi |
B 7145 Trask Avenue Sold | $2,325,000 | 4 | 3 | 2,569 | $905 | 0.5 mi |
C 418 Talbert Street Sold | $2,055,000 | 4 | 3 | 2,442 | $842 | 0.4 mi |
D 8140 Calabar Avenue Active | $2,849,000 List Price | 4 | 4 | 3,346 | $851 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive renovation, featuring a newly replaced roof and a fully updated interior with a modern kitchen and bathrooms. The finishes, including the dual-sink vanity and contemporary tiling shown in images, indicate a high-end, recent remodel (likely <5 years) that makes the home move-in ready with no immediate maintenance required.
Elementary School: Richmond Street Elementary School (9/10). High School: El Segundo High School (10/10).
The property features a detached, renovated 2-bedroom ADU currently generating $2,953 per month, providing immediate rental income or flexible multi-generational living.
Situated on a rare R3-zoned corner lot, the property offers the potential to redevelop into up to seven units, presenting a high-value opportunity for investors.
Despite its proximity to the coast and premium price point, the property lacks the ocean or city views often sought after in the Playa Del Rey market.
While some nearby options are highly rated, the local assigned middle and high schools have lower performance scores, which may be a consideration for families.
Welcome to this exceptional Playa del Rey property on a rare corner lot less than one mile from the beach, offering the perfect blend of coastal living, modern comfort, and outstanding investment potential. With the main residence accessed from 83rd Street and the detached ADU enjoying its own private entrance from Falmouth, the thoughtfully designed layout provides an ideal balance of privacy and flexibility. A spacious central courtyard creates a wonderful outdoor living area and private play space for children while naturally separating the main home from the detached 3-car garage and 2-bedroom ADU, giving each residence its own sense of privacy and outdoor space. The beautifully updated and newly re-roofed main residence offers 4-bedrooms, 3-bathrooms and approximately 2,268 sq ft of light-filled living space with an open-concept floor plan and seamless flow between the large renovated kitchen, dining area, and family room ideal for everyday living and entertaining. The spacious primary suite features soaring lofted ceilings, a cozy fireplace, and a generous walk-in closet. Thoughtfully renovated throughout, the home is truly move-in ready.Above the detached 3-car garage, the beautifully renovated 783 sq ft, 2-bedroom, 1-bath ADU features its own private entrance and is currently leased month-to-month at $2,953 per month, providing immediate rental income with flexibility for future use.Situated on an R3-zoned lot, the property presents exceptional upside with the potential for up to seven units (Buyer to verify), offering opportunities to expand, redevelop, convert the garage/storage space, or simply hold as a high-performing investment in one of Playa del Rey's most supply-constrained neighborhoods.Just moments from the beach, bike path, LMU, shops, restaurants, parks, and major commuter routes, this rare offering combines a turnkey coastal home with significant income and development potential.Buyer to verify all square footage, permits, zoning, and development opportunities.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 1.0 mi
Grades K-6 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 3,051 | 1,586 |
| Lot Size | 6,114 | 4,737 |
| Price | $2.19M | $2.03M |
| Price per sq ft | $719 | $792 |
| Built year | 1959 | 1956 |
| HOA | $0 | $0 |
| Days on market | 16 | 58 |
Jul 6, 2026
$2,195,000
Initial Listing
Mar 28, 2018
$1,750,000
Public Record
May 27, 2016
$1,039,500
Public Record